The stock market was down 2.5% on Wednesday and the breathy talking heads tried to put a narrative to it. It’s all garbage. There are only 3 macro things that matter and the rest is finding tomorrow’s value. 80% of investors are just emotional chasers, both up and down. Panic buy and panic sell. You can be better.
The economy is in a borderline depression, but the money printer goes brrr, so Robinhood buys everything in sight. Maybe it’s different this time, and speculation completely unsupported by the facts or valuations, will turn out just fine.